With the emergence of Dubai as a global centre for financial activities, many international events and expos have taken place in the city. There are still 173+ impactful events scheduled until the year ends. Dubai is looking at building a business environment around technology that can attract and promote innovative tech startups. So, with the upcoming GITEX Global event, which will start from 16-20 October at the Dubai International Convention and Exhibition Centre, it’s great timing for you to Start a Tech Company in Dubai.
In this blog by Next Generation Corporate Services, one of the leading Business Setup Services providers in Dubai, we will learn how GITEX can benefit your new business setup and why it’s the perfect opportunity to set up your tech business in Dubai.
What is GITEX?
GITEX is an acronym for the Gulf Information Technology Expo. It is held every year in Dubai and is regarded as the biggest tech exhibition in the world. It serves as a platform for companies, organisations, and innovators in the technology and IT industry to showcase their products and services. It is one of the largest and most influential technology events in the Middle East, North Africa, and South Asia (MENASA) region.
How GITEX Benefits the Economy of Dubai
GITEX is an international tech event that showcases companies all over the world. The main aim of the various companies is to showcase their newest innovation solutions to the world. What does it mean for the economy of Dubai, and how does it pave a perfect environment for startups and new business setups?
- Economic Development: GITEX Global has contributed largely to the economic development of Dubai and, more so, the UAE as a whole. Billions in revenues are generated from different sectors ranging from tourism, hospitality, transportation, and technology.
- Boosting the Tech Sector: GITEX nurtures the ambitions of Dubai as a technology and innovation hub. The event increased the pace of innovation, collaboration, and entrepreneurship within the tech sector, eventually boosting Dubai’s tech ecosystem.
- Talent: GITEX operates as a medium whereby talented people exhibit their innovations and entrepreneurship. It can help identify and groom local talent, which ultimately benefits the economy of Dubai.
- International Partnerships: With great participation worldwide, GITEX brings international companies and investors to Dubai. These can provide a platform for forging partnerships and cooperation between the companies in Dubai and foreign entities. These can contribute towards innovation as well as economic growth.
- Encouraging Sustainability: The selected 2023 GITEX theme, “Shaping the Future of Technology and Sustainability,” aligns with Dubai’s sustainability and environmental programs efforts. This can encourage local businesses towards green approaches that will support the future sustainable development goals of the city.
- Increased Tourism: GITEX Global is a big hit with visitors worldwide. The tourist traffic through the event means increased tourism-related activities, and that’s good news for the hotels and service industries.
Benefits of Starting Your Tech Company in Dubai During the GITEX Event
- Global Exposure: GITEX Global is a magnet for tech enthusiasts, investors, and industry leaders from all over the world. Starting your tech company during this event allows you to gain international exposure and showcase your innovations to a diverse and influential audience.
- Investor Interest: The event draws venture capitalists, angel investors, and funding organisations actively seeking promising startups. GITEX provides an ideal platform to pitch your business to potential investors and secure the necessary funding for your tech venture.
- Networking Opportunities: GITEX is a hub for networking. It’s a place where you can meet industry experts, successful entrepreneurs, and like-minded individuals who can offer guidance, mentorship, and partnership opportunities. Building a strong network is crucial for the growth of your tech startup.
- Market Validation: Presenting your tech startup at GITEX allows you to gauge market interest and receive valuable feedback. It’s a valuable opportunity to validate your ideas and refine your business strategy based on real-world insights.
- Product Launch Pad: GITEX can be the ideal platform for a grand product launch if you have an innovative tech product or service. The event’s vast audience and media coverage can propel your product into the market with a bang.
- Knowledge Transfer: The various seminars and conferences at GITEX provide an exceptional opportunity to acquire knowledge, stay updated on industry trends, and gain insights from thought leaders. This knowledge can be instrumental in steering your tech company in the right direction.
Next Generation Corporate Services holds a prominent position as a Business Setup Advisor in Dubai. Our primary mission is to deliver top-notch business setup services, encompassing professional corporate assistance, PRO services, and market research expertise. Feel free to reach out to us today for expert Business Consultation in Dubai.